[The following information applies to the questions displayed below.] Most Company has an opportunity to invest in one of two new projects. Project Y requires a $340,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $340,000 investment for new machinery with a five-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y Project 2 $375,000 $300,000 Sales Expenses Direct materials 52,500 75,000 135,000 27,000 289,500 85,500 23,940 $ 61,560 37,500 45,000 135,000 27,000 244,500 55,500 15,540 $ 39,960 Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (28%) Net income Required: 1. Compute each project's annual expected net cash flows. Project Z Project Y Keyuneu HIVIIGUV (The following information applies to the questions displayed below.] Most Company has an opportunity to invest in one of two new projects. Project Y requires a $340,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $340,000 investment for new machinery with a five-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year. (PV of $1, EV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y Project z $375,000 $300,000 Sales Expenses Direct materials Direct labor Overhead including depreeiation Selling and administrative expenses Total expenses Pretax income Income taxes (288) 52,500 75,000 135,000 27,000 289,500 85,500 23,940 $ 61,560 37,500 45,000 135,000 27,000 244,500 55,500 15,540 $ 39,960 Net income 2. Determine each project's payback period. Payback Period Payback Period Choose Denominator: Choose Numerator: Payback period %3D Project Y Project Z requirea inTormation [The following information applies to the questions displayed below.] Most Company has an opportunity to invest in one of two new projects. Project Y requires a $340,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $340,000 investment for new machinery with a five-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year. (PV of $1. FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y Project 2 $375,000 $300,000 Sales Expenses Direct materials Direct labor 52,500 75,000 135,000 27,000 289,500 37,500 45,000 135,000 27,000 244,500 55,500 15,540 $ 39,960 Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (288) 85,500 23,940 $ 61,560 Net income 3. Compute each project's accounting rate of return. Accounting Rate of Return Accounting Rate of Return Choose Denominator: Choose Numerator: Accountinrate of return Project Y Project Z Required information Project Y Chart values are based on: i= Select Chart Amount PV Factor Present Value %D Net present value Project Z Chart values are based on: i = Select Chart Amount PV Factor Present Value %! %3D Net present value Saved machinery with a six-year life and no salvage value. Project Z requires a $340,000 investment for new machinery five-year life and no salvage value. The two projects yield the following predicted annual results. The company use straight-line depreciation, and cash flows occur evenly throughout each year. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y Project z $375,000 $300,000 Sales Expenses Direct materials Direct labor 52,500 75,000 135,000 27,000 37,500 45,000 135,000 27,000 Overhead including depreciation Selling and administrative expenses Total expenses 289,500 85,500 23,940 $ 61,560 244,500 55,500 15,540 $ 39,960 Pretax income Income taxes (288) Net income Required: 1. Compute each project's annual expected net cash flows. Project Z Project Y Net income Pretax income Sales Total expenses